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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- BAX implied yields have nudged lower today (BAZ2 -1.5bps, BAZ3 -4bps) after surging earlier in the week in a pattern seen in FI markets more generally.
- Peak yields touch 4% in the Dec’22 contract, roughly implying a policy rate getting towards 3.5% from the current 2.5%, with most of that being met by the 65bps of hikes priced in OIS for the Sep decision, before 66bps of inversion in BAX yields through BAZ2/BAZ3.
- Focus is firmly on both US and Canadian employment reports for July tomorrow.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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